indirect tax collections grew while gst mopup shrank

Indirect tax windfall brings cheer amid bad news on inflation, IIP fronts

Good news on the indirect tax collection front was eclipsed by a 3.6% contraction in IIP, and 5.52% higher retail inflation. Read more »
indirect tax collections grew while gst mopup shrank

Record GST collections back World-bank’s 7.5-12.5% growth forecast for Indian economy

Bullish economic growth projections for the Indian economy will depend on financial sector risks, and the success of measures taken to curb the spread of Covid-19. Read more »
PLI scheme for telecom

Make in India: Govt extends PLI scheme to telecom, networking manufacturers

PLI scheme will boost telecom and networking equipment manufacturing in India with a Rs 12,195 crore outlay over five years. Read more »
safe drinking water supply

Jal Jeevan Mission: Centre to roll out drinking water survey in 10 cities

It is estimated that less than half of Indian population has access to safe drinking water and two-thirds of the country's 718 districts are experiencing extreme water depletion. Read more »
indirect taxes grew while gst shrank

GST compensation: Centre transfers Rs 5,000 crore to states

An amount of Rs 95,000 crore has been released so far to the states and UTs with legislature to meet GST compensation shortfall, apart from an additional borrowing permission for Rs 1,06,830... Read more »
Budget 2021 focus on job creation

Covid-19 impact: Indian economy to contract 7.7% this fiscal

The revival in the economy is backed by a 5.8% increase in government consumption expenditure. Read more »
budget 2021 for healthcare and pharma

Effectiveness of Covid-19 vaccines varies among different races: MIT study

The study says immune systems of one per cent of white participants and 10% of Asian participants are not expected to respond well. Read more »
world soil day 2020

World Soil Day: UN calls for checking biodiversity loss

The loss of biodiversity is a huge problem threatening the very existence of life on earth. Read more »
masks save economy from Covid-19

Masks can save the economy from Covid-19 impact

Economic activity and health outcomes are closely connected -- data show people will increase their mobility and spending if they feel safe. Read more »
budget 2021 India economic reforms

IMF chief calls for government spending in infrastructure to fight global recession

World leaders should use the current crisis to build an environmentally sustainable, resilient and inclusive economy, says Kristalina Georgieva. Read more »